Summer Road, Wattisfield, Bury St Edmunds, IP31

An opportunity to purchase a compact block of Grade 3 Arable Land totalling 230.78 acres as a whole or in 6 individual lots.

Location
The land is located between Wattisfield and Walsham le Willows, approximately 13 miles northeast of Bury St Edmunds and 14 miles north of Stowmarket in the county of Suffolk.
The Land
A compact block of productive arable land extending to approximately 230.78 acres (93.39 hectares), identified as being Grade 3 on the Ministry of Agriculture Land Classification Maps.
The soil survey of England and Wales identifies the land as being part of the Beccles 1 soil series suited to a cereal rotation.

Historically, the land has been well managed under a traditional arable rotation but recently has been entered into a Sustainable Farming Incentive Scheme.

The land has been comprehensively under drained. Contact agents for drainage plans.

Access
The land has extensive road frontage with access off Summer Road, Chapel Road and Wattisfield/Walsham Road.

Tenure and Possession
The land will be sold freehold with vacant possession.

Minerals, Timber and Sporting Rights
These rights are in hand and included within the sale.

Sustainable Farming Incentive
The land is subject to a Sustainable Farming Incentive Scheme, which will not be transferred to the purchasers.

Environmental Schemes
The land has not been entered into any environmental schemes but is eligible for any future available Rural Payment Schemes.

Overage clause
Part of the land (edged dark blue on the plan) will be subject to an Overage Clause being 25% of the uplift in value, for a period of 20 years, should planning permission for commercial or residential development (either single or multiple) be granted.
All land will be a subject to an Overage Clause being 20% of the uplift in value, for a period of 10 years, should planning permission for a solar farm be granted.
For further information, please contact the agents.

Rights of Way, Easements and Wayleaves
The property is sold and will be conveyed with the benefit of and subject to all rights of way (whether public or private), water, drainage, sewerage, light, wayleaves and other easements, if any, subject to all outgoings or charges connected with or chargeable upon the property whether mentioned herein or not.

Method of Sale
The land is offered for sale as a whole or in 6 individual lots by private treaty. Interested parties should register their interest with the agent’s Bury St Edmunds office, providing full contact details including their postal address, telephone numbers and email address (if appropriate).

Local Authorities/Statutory Bodies
Babergh and Mid Suffolk District Council: Endeavour House, 8 Russel Road, Ipswich, IP1 2BX. Tel:
Suffolk County Council: Endeavour House, 8 Russell Road, Ipswich, Suffolk, IP1 2BX. Tel:
Anglian Water Services Ltd: PO Box 46, Spalding, Lincolnshire, PE11 1DB. Tel:
Environment Agency: Cobham Road, Ipswich, Suffolk, IP1 1JE. Tel:

VAT
In addition to the purchase price, should any sale of the property or any right attached to it become chargeable supply for the purpose of Value Added Tax, such shall be payable by the Purchaser(s) in addition to any monies to be paid during the course of the sale and the Purchaser shall indemnify the Vendors in respect thereof, including interest or penalty payments. No election has been made to charge VAT on property sales.

Anti-Money Laundering
In accordance with the most recent Anti-Money Laundering Legislation, purchaser(s) will be required to provide proof of identity to vendor’s agents once an offer is submitted and prior to solicitors being instructed.

Should you wish to proceed with an offer on this property, we are obligated by HMRC to conduct mandatory Anti-Money Laundering Checks. We outsource these checks to our compliance partners at Coadjute and they charge a fee for this service. We are required by law to conduct anti-money laundering checks on all those selling or buying a property as prescribed by the Money Laundering Regulations 2017. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Coadjute who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £33.00 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Coadjute, and is non-refundable. Lacy Scott & Knight do not receive any commission for this payment/service.

Postcode
The nearest residential postcode is IP31 3FU.

What3Words
Lot 1 – tucked.waistcoat.lakeside,
Lot 2 and 3 – manuals.pass.facelift,
Lot 4 – increment.couple.forum,
Lot 5 from Wattisfield Road - mills.tilting.zoos,
Lot 6 from Summer Road - rooftop.familiar.wand.

Viewing
Strictly by appointment with the agents at the Bury St Edmunds office and during daylight hours. Please contact Anthony Holliday.